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This is the fourth edition of Directors in the Twilight Zone, a comparative study of the liabilities and duties of directors, officers and others and the risks they may be exposed to, during the "twilight zone".

The first edition was published in 2001 and the second in 2005 and the third in 2009. The topic continues to be of critical importance to those who manage and advise...

This book is the latest addition to our list of publications and it provides basic information on Islamic finance. It is meant to be a useful reference tool to the majority of insolvency practitioners who do not work in this field. The chapters in this book were selected on the basis that it is expected that most INSOL members currently have very limited understanding of Islamic finance....

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China's CEFC Was Scrambling for Loans as Authorities Swooped

CEFC China Energy, the once-acquisitive conglomerate, was prepared to pay annual rates of as much as 36 percent for short-term funding in a sign of the cash crunch faced by the company as authorities were closing in on its chairman, according to multiple people with knowledge of the matter. Earlier this month it was revealed that Ye Jianming, the company's chairman, had been investigated for suspected economic crimes, the International New York Times reported on a Reuters story. Guosheng Group, an investment firm owned by the Shanghai government, was tasked with evaluating CEFC's financial position as part of a restructuring and takeover process, according to two sources with knowledge of the moves. But from at least the second half of last year CEFC was approaching shadow bankers - non-traditional lenders - for costly short-term loans, said six sources with direct knowledge, in a sign of the strained liquidity the company was facing. Read more.(Subscription required.)